The Astor family, or the Astor dynasty, was a family that held a position of prominence in American society during the 19th and early 20th centuries. The family's initial wealth was established by John Jacob Astor through the fur trade. But it was his grandson, John Jacob Astor IV, who went on to invest in the opium trade by participating in the American China Development Company and amassed a fortune through smuggling opium into China. He was also a real estate tycoon, investing in real estate in and around New York City. He was the first noteworthy member of the Astor family and the first multi-millionaire in the United States.
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